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How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

Finovate

financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making. The new rule, issued in the form of a 594-page document, aims to enhance consumers’ rights, privacy, and security over their own personal financial data.

Rules 52
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Compliance, Gaming and Gambling in Australia vs USA

Segpay

KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. Strict ID verification under state gaming laws and FinCEN rules.

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On the Cusp of New ML in Financial Decision-Making: Understanding the Impact of Regulations

The Fintech Times

Specifically, the Quality Control Standards for Automated Valuation Models (AVMs) rule. The rules handling of AVMs sets a standard for other machine learning models used in financial decision-making, and provides some impetus for industry-wide standardisation.”